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he says representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average american family has taken a terrific hit. the median household income for years ago when the president became the president was around $54,000 a year and is about 50 now. so this portion of the population which is gotten squeezed tremendously i don't think adding an extra tax at the 98 percent is going to, number one, be very helpful to the more helpful to the economic growth. number two it's how much you want the folks to pay? so again, freezing those tax rates with an overwhelming majority of americans is a smart thing to do, we ought to do it and both sides say they want to. >> host: and you said ea
he says representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average...
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going back to the clinton tax rate, the wealth of the average american families taking a terrific head meetinghouse clothing come four years ago when the president was about to do $4000 a year. this portion which is most of us has gotten squeezed preacher meant to say. i don't think adding extra taxes on 90% will number one be very helpful to them for helpful to the economic growth and number two, how much do you want folks to bear? again, freezing those tax rates for the overwhelming majority of americans is a smart thing to do. both sides say they want to. the fight was start the next day. i think we could do what i'm talking about the negotiations underway right now could continue and they should. again, doing what i'm talking about doesn't violate what either side is fighting over. they both say this is something we want to do. again, make sure we don't have some last-minute failure at the end of december. >> host: what gives you confidence democrats up later on agreed to extending tax cuts for the wealthiest americans? >> guest: this is where i disagree with republicans. the ameri
going back to the clinton tax rate, the wealth of the average american families taking a terrific head meetinghouse clothing come four years ago when the president was about to do $4000 a year. this portion which is most of us has gotten squeezed preacher meant to say. i don't think adding extra taxes on 90% will number one be very helpful to them for helpful to the economic growth and number two, how much do you want folks to bear? again, freezing those tax rates for the overwhelming majority...
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and secretary clinton moves widely throughout the region, as does secretary panetta. and the amount of activities that i do and my forces do have been a prompt jump of what we've done in the past, and we're looking for opportunities to do more exercise. we are doing more of those things already. and i think it's visible to our allies, i think it's visible to our partners, visible to the region. we often want to jump to the, well, where's the next submarine or aircraft carrier, and that's always the signal. and we will over time, as you've heard secretary panetta say, we will rebalance our navy towards the pacific. and we'll -- i've already mentioned in my opening remarks, we're rapidly moving our most capable assets into the region because of some the ballistic missile defense threats we face and those types of things. so i think it's not about one thing, it's about a holistic approach. and what i do on the military side is only one aspect of it. it's got to be tied to what's happening in the economic side and what's happening in the diplomatic side. and so we're work
and secretary clinton moves widely throughout the region, as does secretary panetta. and the amount of activities that i do and my forces do have been a prompt jump of what we've done in the past, and we're looking for opportunities to do more exercise. we are doing more of those things already. and i think it's visible to our allies, i think it's visible to our partners, visible to the region. we often want to jump to the, well, where's the next submarine or aircraft carrier, and that's always...
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there is new speculation that hillary clinton will run for president in 2016. fueling the newest speculation you might ask? here appearance at the annual conference on middle east policy that took place in washington friday night. more than 10 minute video tribute. secretary clinton was praised by political rivals from senator onmccain and the president and by other world leaders. >> someone who knows a thing or two about political comebacks, i don't think we've heard the last of hillary clinton. ♪ girl you're amazing just the way you are ♪ >> i just have an instinct that the best is yet to come. >> i prepared some remarks for tonight, but then i thought maybe we could just watch that video a few more times. and then the next time i could count the hairstyles, which is one of my favorite past times. >> joining me now is ken vogel. you heard bibi netanyahu say he has an instinct the best is yet to come. what would be better perhaps some say than seeing hillary clinton run for president? >> indeed. that's what a lot of her supporters want. they are actually l
there is new speculation that hillary clinton will run for president in 2016. fueling the newest speculation you might ask? here appearance at the annual conference on middle east policy that took place in washington friday night. more than 10 minute video tribute. secretary clinton was praised by political rivals from senator onmccain and the president and by other world leaders. >> someone who knows a thing or two about political comebacks, i don't think we've heard the last of hillary...
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secretary of state clinton has made empowering women and important part of her diplomatic priorities and i support her efforts. for the united states who do not need to implement additional legislation in order to be in full compliance with the convention. laws such as the civil rights act, title ix strength in the u.s. position in the convention and our leadership could lead to other countries adopting similar protections for disabled women. most importantly i'm reminded of the veterans who have returned from the wars in iraq and afghanistan. the brave veterans who served in all the places we've asked them to go, who advance the interest and ideals of the united states. we owe them a debt for their service. any return with severe burns, some requiring lifetime care. i would like to just read a statement from one of the veterans that appeared in front of the foreign relations committee, and disabled marine veteran john kerry. this is what he said. and i quote here in 1968 i arrived in the non-assigned to first battalion 27th marines have said infantry platoon commander. five months l
secretary of state clinton has made empowering women and important part of her diplomatic priorities and i support her efforts. for the united states who do not need to implement additional legislation in order to be in full compliance with the convention. laws such as the civil rights act, title ix strength in the u.s. position in the convention and our leadership could lead to other countries adopting similar protections for disabled women. most importantly i'm reminded of the veterans who...
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president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that created surpluses in the latter half of the clinton presidency. it's a more complicated picture. definitely there are folks who want tax increases but let's not gloss over president obama is talking about way higher taxes than we saw during the clinton era on the high earners. >> that's true. all right. want to talk about a party going on tonight. james, pretty good. there is a party going on, jack kemp foundation is having a party and marco rubio is speaking. paul ryan is speaking. they both want to have complete makeovers. you know -- marco rubio doesn't want to
president obama often talks about returning to clinton era tax rates. he wants to raise much more revenue from high earners than the clinton era tax code would have raised. and president clinton also dramatically lowered capital gains taxes, and that generally benefited high-earners. so a lot of folks believe that's something that balanced out against the increases on ordinary income. so, you know, that's something that arguably contributed to that surge in technology stocks and much else that...
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say that the republicans and i think at the end of the day, they probably will give bill clinton, barack obama his tax increase on the rich, but you know what? we go into 2013 with still a trillion dollar deficit and the question i ask you two and president obama if he were on the show, what's act two? what do we do next? >> you do agree with stephen on one thing and that is that there is some work to be done on inefficient spending? >> the best funding program we have in the government is social security. health care. for every dollar, the other three modern countries spend per capita in other dollar, we spend $2.64 and still have 50 million people without insurance. if we could get france's health care system, widely regarded as the best in the world, we could eliminate 40% of income taxes and still have the same deficit. if you look at the federal budget numbers, the budget is coming way down. the economy is improving. higher tacks allow us to create jobs where people are investing in things that make commerce work better. all private wealth is built on a foundation of commonwealth. i
say that the republicans and i think at the end of the day, they probably will give bill clinton, barack obama his tax increase on the rich, but you know what? we go into 2013 with still a trillion dollar deficit and the question i ask you two and president obama if he were on the show, what's act two? what do we do next? >> you do agree with stephen on one thing and that is that there is some work to be done on inefficient spending? >> the best funding program we have in the...
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going back to the clinton tax rates, remember, the average american family has taken a hit. median income four years ago was $54,000 a year. it is about $50,000 a year now. this portion of the population has been squeezed. adding taxes on 90% will not be helpful. how much do you want folks to bear? freezing those tax rates for the overwhelming majority of americans is a smart thing to do. host: you said fight later on. guest: the fight would start the next day. we could do what i'm talking about, and negotiations could continue. doing what i'm talking about does not violate what either side is fighting over. they both say this is something we want to do. why not make sure we do not have some last-minute failure at the end of december. guest: what gives you confidence that democrats would agree later on? guest: this is where i disagree with some of my colleagues. they seem to think the american people are leveraged, and this is the democrats leverage. our leverage is in the spending and entitlement issues. the president and his negotiators are smart and able people. they know
going back to the clinton tax rates, remember, the average american family has taken a hit. median income four years ago was $54,000 a year. it is about $50,000 a year now. this portion of the population has been squeezed. adding taxes on 90% will not be helpful. how much do you want folks to bear? freezing those tax rates for the overwhelming majority of americans is a smart thing to do. host: you said fight later on. guest: the fight would start the next day. we could do what i'm talking...
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bush decided to spend a large portion of the surpluses he inherited from president clinton to cut tax rates. many democrats opposed him then because the tax cuts were unfair, favoring the highest-income americans. to overcome that obstacle, the republicans resorted to a parliamentary technique, budget reconciliation, a maneuver that allowed for passage of their tax cuts but forced them to expire after 2010, at the end of the ten-year budget window. so we scroll forward to 2010. as 2010 ended, president obama and many democrats in congress, including myself, wanted to extend the tax cuts for middle-class families but let rates on income above $200,000 for an individual and $250,000 for a family revert to the clinton era levels. our senate republican friends filibustered that effort, refusing to allow the middle-class tax cut without a tax cut for the highest incomes as well. their hostage strategy worked that time and the president and senate democrats reluctantly agreed to extend the tax cuts for two more years. so now the two years is up and these tax rates are again set to expire. t
bush decided to spend a large portion of the surpluses he inherited from president clinton to cut tax rates. many democrats opposed him then because the tax cuts were unfair, favoring the highest-income americans. to overcome that obstacle, the republicans resorted to a parliamentary technique, budget reconciliation, a maneuver that allowed for passage of their tax cuts but forced them to expire after 2010, at the end of the ten-year budget window. so we scroll forward to 2010. as 2010 ended,...
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we're proposing to let the rates go back to clinton levels. that would be a good thing to do as a sensible economic policy, and we want to combine that with tax reforms that will limit deductions. there's no surprise in this. we have been proposing this for a very long time. the president campaigned on it and i think that's where we're going to end up. and i think that's there going to be very broad support from the business community and from the american people for an agreement with roughly that shape. >> when you talked about limiting the deductions there have been proposals from governor romney during the presidential campaign, and from other republicans, when you talk about those limitations on deductions, do you include the charitable deduction and the home mortgage deduction? >> i think you're right to point out the essential problem in this, which is, if you try to limit deductions with a $25,000 cap, what you do is you end up hitting millions and millions -- actually 17 million americans -- a huge part of the revenue comes from that b
we're proposing to let the rates go back to clinton levels. that would be a good thing to do as a sensible economic policy, and we want to combine that with tax reforms that will limit deductions. there's no surprise in this. we have been proposing this for a very long time. the president campaigned on it and i think that's where we're going to end up. and i think that's there going to be very broad support from the business community and from the american people for an agreement with roughly...
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everybody we have threats of government shutdown in the past -- the famous showdown with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you know what, he achieved great, great goals. it goes to the point you are making -- politicians are supposed to play politics, that is not a dirty word. >> the legendary "bloomberg view" columnist -- margaret carlson. >> i had this plan for a couple weeks -- i thought, this could happen. when you said you cannot get people in the corner as the president has with the tax increase on the wealthy -- here is the plan. on december 31, the bush tax cuts expire. after you have your champagne and your funny hats on, on january 1 at 12:01 a.m., there is a middle-class tax cut and the top rate is 39.6%, then they are cut to 37%,
everybody we have threats of government shutdown in the past -- the famous showdown with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you...
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it's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving him any advice on this although i'm sure he is. >> if you look back to the health care debate obama tried to appear reasonable last time and that didn't work well for him. what he's doing now is all the things he didn't do last time. starting with the unreasonable position, with what he wants rather than what he thinks he'll get which is a better bargaining position. he's going out and trying to get people to pick up the phone, take up, you know, twitter and facebook and tell congress we want to get this done. so he's doing a lot of the things from a negotiating standpoint that he didn't do last it time around, while still, you know, kind of queuing up the blame game as both sides are doing to make sure that other guy takes the fall if it doesn't work. >> and i think to eric's point, this is w
it's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving him any advice on this although i'm sure he is. >> if you look back to the health care debate obama tried to appear reasonable last time and that didn't work well for him. what he's doing now is all the things he...
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karen, you worked with secretary of state clinton before. and she has been certainly trying to push the ball forward on this. when we talk about the balance between domestic priorities and international priorities, the sort of the party line is, look in a time of economic calamity, americans are focused on what's happening at home and not on the global stage. that complicates our efforts to intervene abroad. >> hillary has been outspoken and well spoken about why it matters to us at home, in part because of our moral leadership in the world. that's part of what was tragic about the vote that happened yesterday in the senate with the u.n. treaty on people with disabilities. america has this opportunity to lead, we hear the republicans talking about why aren't we leading more and more with our moral leadership, by saying human rights are important and you have someone like secretary clinton out there talking about it, talking about rights of women and girls everywhere she goes in a way we've never seen or heard before, so i think there's a lot
karen, you worked with secretary of state clinton before. and she has been certainly trying to push the ball forward on this. when we talk about the balance between domestic priorities and international priorities, the sort of the party line is, look in a time of economic calamity, americans are focused on what's happening at home and not on the global stage. that complicates our efforts to intervene abroad. >> hillary has been outspoken and well spoken about why it matters to us at home,...
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secretary clinton said she was not interested. politico reports actress ashley judd is seriously considering a run for 2014 against mitch mcconnell in his home state of kentucky. mcconnell's office warned he will not go easy on whoever the democratic challenger is but did not reference judd specifically. mitt romney is going back to work at his own job. marriott international has announced romney rejoined the board of directors after resigning two years ago. as for how much romney will earn, s.e.c. showed that directors received a base pay of $60,000 plus $1250 for every meeting they attended. romney has a long-time friendship with the members of marriott family and has served on the board off and on since 1993. >>> all right. time for the "news nation" gut check. bloomberg news is reporting that president obama is considering "vogue" anna wintor to be the next u.s. ambassador to the uk or france. she raised $500,000 for his re-election campaign. she's been at "vogue" for more than 25 years and they say she's very happy about the
secretary clinton said she was not interested. politico reports actress ashley judd is seriously considering a run for 2014 against mitch mcconnell in his home state of kentucky. mcconnell's office warned he will not go easy on whoever the democratic challenger is but did not reference judd specifically. mitt romney is going back to work at his own job. marriott international has announced romney rejoined the board of directors after resigning two years ago. as for how much romney will earn,...
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, chris cizilla indicates strong support for hillary clinton. she has really i guess she's the most popular figure in american politics. >> she is at her highest popularity rating that we have ever in "the washington post"/abc poll measured her and almost six in ten, 57% of americans, this isn't democrats, this is the american public broadly, want her to run for president in 2016. now, i would say, if she becomes a candidate, i think -- inevitably she'll be seen much more in that partisan atmosphere, some of her stratospheric numbers will drop down. i would say she has been skeptical very skeptical of running. if you look at these numbers if you have any interest of being the president of the united states this may be a hard race to say no to. >> i think the rest of the political world knows what is likely to happen. chris cizilla, thank you very much. susan page, always great to see you. >> coming up the fiscal fight continuing. he split with his party on taxes. what is republican tomb cole saying now? first as john boehner look lights the capi
, chris cizilla indicates strong support for hillary clinton. she has really i guess she's the most popular figure in american politics. >> she is at her highest popularity rating that we have ever in "the washington post"/abc poll measured her and almost six in ten, 57% of americans, this isn't democrats, this is the american public broadly, want her to run for president in 2016. now, i would say, if she becomes a candidate, i think -- inevitably she'll be seen much more in...
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and none other than william jefferson clinton playing. imagine the conversation out there on the links at andrews. >>> up next, we'll talk to the former senate majority leader who recently served as u.s. special envoy for middle east peace. was the leading peace negotiator for that region, former senator george mitchell will join us live on the other side of the break. we'll spend some time with him. >>> and record rainfall up and down the west coast. a live report from one northern california town, where the river is literally rushing through it. >>> money was the single most important factor in the election. >> a little bit later, former president jimmy carter said president obama's re-election win was his grandson's doing. we're dead serious. we'll tell you why, we're watching msnbc. the place for politics. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brush
and none other than william jefferson clinton playing. imagine the conversation out there on the links at andrews. >>> up next, we'll talk to the former senate majority leader who recently served as u.s. special envoy for middle east peace. was the leading peace negotiator for that region, former senator george mitchell will join us live on the other side of the break. we'll spend some time with him. >>> and record rainfall up and down the west coast. a live report from one...
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brought back to where they were under clinton. that's the catalyst that has to be brought home to republicans. they can make the deal whenever but they best make it now. if they make it late there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>> thanks, chris. and thanks to you for tuning in. i'm live from washington, d.c. tonight's lead, the end of an era. for more than 20 years republicans have calmed to the one policy that's crippled our ability to get things done in washington. do you remember this? >> read my lips. no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ende
brought back to where they were under clinton. that's the catalyst that has to be brought home to republicans. they can make the deal whenever but they best make it now. if they make it late there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>>...
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a former president clinton adviser says that this could move up the clock for the president. we'll have more coming up next. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increased risk of seizures, confusion or abnormal behavior. the most common side effects are mild to moderate nausea and vomiting. the flu comes on fast, so a
a former president clinton adviser says that this could move up the clock for the president. we'll have more coming up next. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription...
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clinton 95 of them. isn't this destined for the supreme court? if you have the legislative branch and the executive branch disagreeing, then you need the third arbiter here. >> reporter: yes, but sometimes the third arbiter says, this is strictly a political question. it's not really for us to decide it. so i don't know how it will come out. the courts may decide. the tactics being used to challenge the president's recess authority. what's happening is the business groups with the backing of the chamber of commerce are criticizing decisions made by the national labor relations board. >> right. >> because kaat the same time t president put three members on the mlrb. that's how they're attacking the recess power. >> all right. pete williams, this should be interesting. >> reporter: you bet. >> we'll see if they punt, i'd rather see this go to the supreme court. that's what the constitution is for. >> reporter: from a journalistic point of view. >> you love it when the constitution is used. >> reporter: absolutely. >>> the opening bell rang just rig
clinton 95 of them. isn't this destined for the supreme court? if you have the legislative branch and the executive branch disagreeing, then you need the third arbiter here. >> reporter: yes, but sometimes the third arbiter says, this is strictly a political question. it's not really for us to decide it. so i don't know how it will come out. the courts may decide. the tactics being used to challenge the president's recess authority. what's happening is the business groups with the backing...
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we go back to the clinton tax rates. and we make significant cuts to the deficit and they say, hey, they did something substantial about the major financial problem that's facing this country. >> what about the entitlements issue? the president's plan calls for $1.6 trillion in tax increases in ten years. $400 billion in entitlement cuts without being specific. are you worried that republicans will have to own the push to make cuts to medicare and medicaid and capping mortgage interest deductions? >> ultimately for republicans the best thing is to get some bipartisan agreement on cutting entitlements. they are disadvantaged on that issue right now. but entitlements are where the money is. you have to look at medicare and medicaid in terms of finding savings. it doesn't get meaningful until you look at those programs combined with revenue. >> can i ask you, is the government capable of spending less money than it takes in? can they generate a surplus in these times. >> they did it during bill clinton. >> that was a couple
we go back to the clinton tax rates. and we make significant cuts to the deficit and they say, hey, they did something substantial about the major financial problem that's facing this country. >> what about the entitlements issue? the president's plan calls for $1.6 trillion in tax increases in ten years. $400 billion in entitlement cuts without being specific. are you worried that republicans will have to own the push to make cuts to medicare and medicaid and capping mortgage interest...
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in fact, secretary clinton has recently said that mali has now become a powder keg of potential instability in the region and beyond. the top american military commander in africa, general carter hamm, said publicly just this week that al qaeda's operating terrorist training camps in northern mali and providing arms, explosives and financing to other terrorist groups in the region. so i believe it's critical that the united states have a strong and comprehensive policy to deal with this threat. i'm concerned that the current u.s. approach may not be forward leaning enough to address all three crises -- security, political and humanitarian -- in a coordinated, comprehensive and effective way at the same time. given the compelling u.s. interest in stability and security and good governance in mali, we must ensure we don't miss the bigger picture of what this situation means for the future of mali, to our allies, and to our security. the u.n. security council is now considering what they call a concept of operations for an african-led military operation. the u.s. can and should play a more act
in fact, secretary clinton has recently said that mali has now become a powder keg of potential instability in the region and beyond. the top american military commander in africa, general carter hamm, said publicly just this week that al qaeda's operating terrorist training camps in northern mali and providing arms, explosives and financing to other terrorist groups in the region. so i believe it's critical that the united states have a strong and comprehensive policy to deal with this threat....
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he worked as chief of staff in the clinton white house on the domestic policy council. he was the chief officer of the progressive policy institute. i want to remind you of a piece that came out before the election. people will clamor him to pursue a grand bargain. you can respond to any or all of that. guest: paul krugman is not a fan. i wish he would sit down with them and go into more details. there are some things he may not be aware of. on taxes, we'd do lower rates. this seems to be a problem for some people to grasp. how can you lower rates will we need more revenue? you do that by broadening the base. economists, a lot of them disagreed on the positive impact of simplifying the tax code or tax reform. most agree there is some evidence. we have some studies based on the 1986 tax reform plan. that impacted gdp in a positive way by about one percentage point. there is no consensus, but there is a general understanding there is a benefit. anyone who has done their taxes can understand this. the time alone to do your taxes, even with the great software, we have 70% o
he worked as chief of staff in the clinton white house on the domestic policy council. he was the chief officer of the progressive policy institute. i want to remind you of a piece that came out before the election. people will clamor him to pursue a grand bargain. you can respond to any or all of that. guest: paul krugman is not a fan. i wish he would sit down with them and go into more details. there are some things he may not be aware of. on taxes, we'd do lower rates. this seems to be a...
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did he specify the 39.6% rate of the clinton years? he did not. so is there a little give ultimately to sort of say what if it doesn't go up to 39.6%, but say 37%, is that something the white house would accept? also, this that same interview, the president raised the possibility, which is that after you do tax reform and you close loopholes and deductions, that if the rate is raised, the top rate, there's always a possibility that after you do tax reform, of course, the top rate would then go down again. so it was -- you have to listen to the president very carefully to see where there might be some give. the problem from my point of view is that everybody knows what's got to be done in the long-term. it's the question of the short-term deal. >> john boehner, speaker of the house, he came up with a proposal. but not all the conservatives in the house and the senate are on board. jim demint, republican senator from south carolina. >> this is a time to negotiate with ourselves. we need to invite the president to work with us. his proposal was so ou
did he specify the 39.6% rate of the clinton years? he did not. so is there a little give ultimately to sort of say what if it doesn't go up to 39.6%, but say 37%, is that something the white house would accept? also, this that same interview, the president raised the possibility, which is that after you do tax reform and you close loopholes and deductions, that if the rate is raised, the top rate, there's always a possibility that after you do tax reform, of course, the top rate would then go...
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bush or president bill clinton, or president george w. bush or president barack obama, the truth is, at the time they were elected president, we as a nation, overall, got the president we deserved at that time. now, one of the most impressive speeches i've ever heard was given by senator barack obama at the democratic convention, and i love the way he talked about america coming back as one america. not a red america or blue america but america. just one country. and it's one of the things that i drew great hope from on 9/12 delsh 2001 as people of the country -- on 9/12/2001 as people of the country gathered around, as we did in our east texas town, and we all held hands and we sang hymns and patriotic songs and you look -- i look around the circle and was deeply moved because i knew that day there were no hyphenated americans. there were just americans. and we were together. and everybody standing there in that square holding hands, we shared the love for our country. we wanted to see it strong. we wanted to see it recover from that dev
bush or president bill clinton, or president george w. bush or president barack obama, the truth is, at the time they were elected president, we as a nation, overall, got the president we deserved at that time. now, one of the most impressive speeches i've ever heard was given by senator barack obama at the democratic convention, and i love the way he talked about america coming back as one america. not a red america or blue america but america. just one country. and it's one of the things that...
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and a strong chance to win the white house for a clinton third term. join me and david ignatius, john harris, michele caruso ka fwrar cabrera for a great round table. here's what's coming up on "meet the press." ma,ñ0ót5 behind?n00o thisu this morning i'll go inside negotiations with two lawmakers close to them, dick durbin of illinois and congressman, one of boehner's top advisers. i spent time on capitol hill this week. one question i'm dealing with this morning, what has actually changed since last summer's debt debacle? my sense is we may be closer to a deal than some of all the publicr7ó(w- leads to you believe. we'll talk about that. with our political round table as fpdu8 sant two ond:q the,x!tç hill8 futureáz former speaker newt beginnigin gingrich he' be o'donnell. and it's coming"m "meet the press." my press pass conversation with presidential candidate rick we'll see06i[? harris, in the commonwealth, virginia! african-american running the party for the3in[06 will committee elected chranel harris, replacing brian moran who announce
and a strong chance to win the white house for a clinton third term. join me and david ignatius, john harris, michele caruso ka fwrar cabrera for a great round table. here's what's coming up on "meet the press." ma,ñ0ót5 behind?n00o thisu this morning i'll go inside negotiations with two lawmakers close to them, dick durbin of illinois and congressman, one of boehner's top advisers. i spent time on capitol hill this week. one question i'm dealing with this morning, what has actually...
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a combination of allowing the rates on high earners to go back up to what they were under president clinton, and reducing the value of tax deductions and other tax benefits that they get. before i get to how much can be raised by the second, let me just say the president is very, very supportive of curbing tax deductions for high-income households. it's been a part of his plan from his very first budget. in fact, he was and remains the only major leaguer in washington that has put forward a specific, explicit plan that would limit those tax benefits for high- income households that's been examined by the joint committee on taxation, which is the official referee for these issues in congress. that plan, though, doesn't raise the revenue that you need. so out of the president's $1.6 trillion, $950 billion comes from decoupling. decoupling is the high-income rates going away, the middle- class tax cuts becoming permanent. that gets you $950 billion of revenue. the question is could you plausibly replace that revenue just by limiting tax expenditures. there have been lots of different ideas out
a combination of allowing the rates on high earners to go back up to what they were under president clinton, and reducing the value of tax deductions and other tax benefits that they get. before i get to how much can be raised by the second, let me just say the president is very, very supportive of curbing tax deductions for high-income households. it's been a part of his plan from his very first budget. in fact, he was and remains the only major leaguer in washington that has put forward a...
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president clinton used to say if you want to live like a republican, vote for a democrat because they will give you better economics. and the fact of the matter here is if you poll economists, they will tell you that raising the rates on this top 2% has virtually no impact but when you begin to go after the mortgage deduction, when you begin to go after chair itses, that's when you have some economic chill you bring into the economy. so isn't it strange that the republicans and conservatives have said that obama doesn't understand the impact of fax policy on the economy whereas almost all economists are saying the obama approach is far superior to that that the republicans offer. >> thank you both for joining us on this friday afternoon. >>> next, if reagan could, why not colbert. why south carolina should seriously consider it. stay with us. >> new york post, are we ready for senator colbert? are we ready? sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...
president clinton used to say if you want to live like a republican, vote for a democrat because they will give you better economics. and the fact of the matter here is if you poll economists, they will tell you that raising the rates on this top 2% has virtually no impact but when you begin to go after the mortgage deduction, when you begin to go after chair itses, that's when you have some economic chill you bring into the economy. so isn't it strange that the republicans and conservatives...
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secretary of state hillary clinton unveiled a new document in the global fight against h-i-v and aids. >> science and evidence must continue to guide our work. for all or part the united states will reach support research, innovation, with approaches that staff of opportunistic infections like tuberculosis we will have a clear measurable benchmarks and measure our progress towards them so we could focus for funding on what works. >> secretary of state saying that hiv could be a part of a future but the disease that causes does not have to be. this will be a road map for in a to-free generation. since 2004, the emergency plan for each relief has created a $30 billion. and other news, mexico has a new president. and regain and regai-- enrique pena... as part of the revolutionary party that once ruled the country for 30 years. they clashed with the crowds and it was a tight race. with a just a narrow victory. >> egypt's new constitution is in the hand of mohammad morsi.. tooling expectations on both sides it should go to the referendum. it will mark and other spread it towards a democrac
secretary of state hillary clinton unveiled a new document in the global fight against h-i-v and aids. >> science and evidence must continue to guide our work. for all or part the united states will reach support research, innovation, with approaches that staff of opportunistic infections like tuberculosis we will have a clear measurable benchmarks and measure our progress towards them so we could focus for funding on what works. >> secretary of state saying that hiv could be a part...
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restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back where they work? i do not know. lots of ways to increase taxes on rich people, and it may be that a hybrid of marginal tax increases and the kind of base- broadening loophole closing expenditure closing that simpson-bowles proposed should be part of the mix. raising marginal rates does not guarantee you will get your intended target. a very rich people depend more on investment income than on their labour income. if you want to get them -- and this is where mitt romney was able to pay a 14% tax rate on earnings of $14 million -- so if you are trying to get the
restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back...
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look at the clinton years versus the bush years that came after and see that difference. >> rana, always great to have you here. chris thank you as well. >> thank you. >>> yet another sign that washington can't work together, though, a u.n. treaty that would globally ban discrimination against people with disabilities came up for a vote in the senate yesterday and it failed, even though it was modeled on u.s. law, the americans with disabilities act, and that's in spite of it already being ratified by 126 other countries and in spite of the support of former republican senator bob dole who made this rare appearance on the senate floor in a wheelchair. senator's john mccain and john kerry made an emotional plea for the senate to work together. >> he's here because he wants to know that when a disabled american veteran, our wounded warriors travel overseas that they're treated with the same dignity and respect. >> to bob it's unthinkable that americans could not get over a curb or enter a school building or even watch a debate in this chamber if they were in a wheelchair. >> the treaty fel
look at the clinton years versus the bush years that came after and see that difference. >> rana, always great to have you here. chris thank you as well. >> thank you. >>> yet another sign that washington can't work together, though, a u.n. treaty that would globally ban discrimination against people with disabilities came up for a vote in the senate yesterday and it failed, even though it was modeled on u.s. law, the americans with disabilities act, and that's in spite of...
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that's how it worked in the clinton years. that's how every deal we've gotten with the president has worked. that's how this deal will work. >> you're not going to get a majority of the majority unless there's significant cuts. the president needs to understand john boehner is the best -- the best negotiating partner he's going to ever have. and he's got to also understand conservatives, you know, i've been talking about republicans improving their brand, being more cooperative. i wouldn't vote for a deal to raise taxes in a million years. unless there were significant real substantial spending cuts on the other side. so -- >> don't cave. compromise. as you said. >> don't cave, compromise. >> congressmen kris van hollen and tom cole. >> we appreciate it. >> good luck. i hope you get it done. you're going to get it done. david gregory, thank you as well. >> thank you, david. >> you bet. >>> coming up, senator claire mccaskill will be here, my favorite senator. >> the luckiest senator, in fact, this past year. >> oh, cokie rober
that's how it worked in the clinton years. that's how every deal we've gotten with the president has worked. that's how this deal will work. >> you're not going to get a majority of the majority unless there's significant cuts. the president needs to understand john boehner is the best -- the best negotiating partner he's going to ever have. and he's got to also understand conservatives, you know, i've been talking about republicans improving their brand, being more cooperative. i...
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clinton era 39.6%. do you think the democrats and republicans will agree to go down the middle there with about a 37% tax rate on the top 2%? >> alex, the fact is they've been talking about these issues for more than a year since those grand bargain talks between speaker boehner and president obama in 2011. and we know the shape of a likely deal. it would be exactly that. about a 37% tax rate hike for top earners in this country. we know that secretary geithner and president obama have spoken of being open to that idea. and john boehner did himself yesterday, although after he did so in a question and answer period with reporters he then put out a statement saying he wasn't really meaning to open that door. but we know the parameters of a deal. it likely will include some kind of tax rate hike, although not to clinton levels for top earners, and some savings in medicare and medicaid. i think that is the likely shape of the likely deal. >> meredith, louisiana's gop governor bobby jindal wrote an op ed th
clinton era 39.6%. do you think the democrats and republicans will agree to go down the middle there with about a 37% tax rate on the top 2%? >> alex, the fact is they've been talking about these issues for more than a year since those grand bargain talks between speaker boehner and president obama in 2011. and we know the shape of a likely deal. it would be exactly that. about a 37% tax rate hike for top earners in this country. we know that secretary geithner and president obama have...
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we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politically advising the republicans, which i'm certainly not, i think tom colts
we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight...
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. >>> secretary of state hillary clinton is fighting a stomp mass virus and will delay -- a stomach virus and will delay her trip. she will fly to moroccan on tuesday instead of tomorrow. she will be the legitimate voice of the people. >>> the health of nelson mandela is reportedly failing. however, a spokesperson said there is no need for alarm. mandela was admitted to a hospital in south africa yesterday for unspecified reasons. mandela is 94 years old. >>> tonight an eight-year-old girl shot by her father after he killed three people on an indian reservation near porterville has died of her wounds. sheriff deputies were called to the indian reservation about 8:00 on saturday night. they say 31-year-old hecker is solaih killed her mother and two brothers and wounded his six-year-old nephew and then both his young daughters. the five-year-old will survive. she was located 30 miles away by tracking his cell phone. he was shot and killed after a slow speed car chase. >>> and now to a bizarre case out of oregon. police say a seven and an 11-year-old boy tried to rob and carjack a woman. the
. >>> secretary of state hillary clinton is fighting a stomp mass virus and will delay -- a stomach virus and will delay her trip. she will fly to moroccan on tuesday instead of tomorrow. she will be the legitimate voice of the people. >>> the health of nelson mandela is reportedly failing. however, a spokesperson said there is no need for alarm. mandela was admitted to a hospital in south africa yesterday for unspecified reasons. mandela is 94 years old. >>> tonight...
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secretary clinton you mentioned her, will that happen or not? >> she has said she will testify but only after the internal report investigation is done. i think she should testify immediately. but we have not heard her testimony yet and i think that's got to be a priority. when it comes to those witnesses, there were witnesses there. they were interviewed by the fbi. those interview reports have obviously not been made public, first of all, but also my last understanding is that the intelligence committee was still waiting to receive some of those reports. bill: why would they not share that with you? its that a risk. >> i think if they could be shared with me in a classified setting, i review information in the classified setting all the time and obviously have to protect that information. but most importantly last time the intelligence committee was still looking for that information. bill: so secretary clinton you believe will testify at some point? >> she absolutely has to testify. let's not forget in the mids t-frbgs thst of the election sh
secretary clinton you mentioned her, will that happen or not? >> she has said she will testify but only after the internal report investigation is done. i think she should testify immediately. but we have not heard her testimony yet and i think that's got to be a priority. when it comes to those witnesses, there were witnesses there. they were interviewed by the fbi. those interview reports have obviously not been made public, first of all, but also my last understanding is that the...
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. >>> secretary of state hillary clinton is fighting a stomp mass virus and will delay -- a stomach virus and will delay her trip. she will fly to moroccan on tuesday instead of tomorrow. she will be the legitimate voice of the people. >>> the health of nelson mandela is reportedly failing. however, a spokesperson said there is no need for alarm. mandela was admitted to a hospital in south africa yesterday for unspecified reasons. mandela is 94 years old. >>> tonight an eight-year-old girl shot by her father after he killed three people on an indian reservation near porterville has died of her wounds. sheriff deputies were called to the indian reservation about 8:00 on saturday night. they say 31-year-old hecker is solaih killed her mother and two brothers and wounded his six-year-old nephew and then both his young daughters. the five-year-old will survive. she was located 30 miles away by tracking his cell phone. he was shot and killed after a slow speed car chase. >>> and now to a bizarre case out of oregon. police say a seven and an 11-year-old boy tried to rob and carjack a woman. the
. >>> secretary of state hillary clinton is fighting a stomp mass virus and will delay -- a stomach virus and will delay her trip. she will fly to moroccan on tuesday instead of tomorrow. she will be the legitimate voice of the people. >>> the health of nelson mandela is reportedly failing. however, a spokesperson said there is no need for alarm. mandela was admitted to a hospital in south africa yesterday for unspecified reasons. mandela is 94 years old. >>> tonight...
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i think michelle obama will take bill clinton. >> stephanie: i am so enjoying a bill clinton corkscrew. i do not have the hilary nutcracker yet. conservative actor steven bald win arrested for failing to file three year's of tax returns. [♪ "world news tonight" theme ♪] >> uh-huh. he is one of those fake christian guys. >> stephanie: he is accused of owing more than $350,000 to the state of new york. >> wow. maybe we can bad mouth bono some more. >> stephanie: everybody hold your jokes. [♪ "world news tonight" theme ♪] >> stephanie: john travolta collects hot chocolate. he collects various kinds of hot coco from around the world. he said it represents winter wonderland and christmas. he went on to explain how people should handle hot coco. he said never blow on it. never ever blow it changes the quality of the chocolate. >> that's the gayest thing i have ever heard. >> if you have a gay sex scandal with three different masseurs. don't have an album cover to handle your gay panic scandal, because he is wearing a hot toddy, and is wearing [ inaudible ]. >> stephanie: speaking of
i think michelle obama will take bill clinton. >> stephanie: i am so enjoying a bill clinton corkscrew. i do not have the hilary nutcracker yet. conservative actor steven bald win arrested for failing to file three year's of tax returns. [♪ "world news tonight" theme ♪] >> uh-huh. he is one of those fake christian guys. >> stephanie: he is accused of owing more than $350,000 to the state of new york. >> wow. maybe we can bad mouth bono some more. >>...
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you can't return to clinton prosperity only raising taxes on 2%. it's different for all taxpayers. am i right? >> you're almost entirely wrong. >> why would raising just on the 2% get us back to the clinton prosperity you're talking about? we can't return to the spending levels either. >> getting to a sound fiscal position is necessary to protect the economy. if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. then the question is how you get there, and the president believes that we should raise revenues with a tax system that has been proven in the past to go along with very substantial -- >> you can't conflate the two. you have the entire -- >> joe, joe, if you go back to this, i'm not sure what you're arguing. >> raising on 2% is different than the other structure. >> the reason it's different is that the tax rate on everybody else is going to be lower. >> right. so you don't have nearly as much money to balance the budget in the '90s. >> many other things have changed in the interim and we have set as a framework a
you can't return to clinton prosperity only raising taxes on 2%. it's different for all taxpayers. am i right? >> you're almost entirely wrong. >> why would raising just on the 2% get us back to the clinton prosperity you're talking about? we can't return to the spending levels either. >> getting to a sound fiscal position is necessary to protect the economy. if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. then...
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and a quick note on hillary clinton, a new abc news "washington post" poll shows if she decides to run for president in 2016, she's already got a leg up. 57% of people say they would support her. not a bad start. we're back after the break. stay with us. exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. of sununu, you're wrong. mitt romney, you're wrong. we need more teachers, not fewer teachers and more cops and more firefighters that support our >> announcer: ladies and gentlemen, it's "the stephanie miller show." ♪ i'm walkin' on sunshine ♪ ♪ i'm walkin' on sunshine ♪ ♪ and it's time to feel good ♪ ♪ hey, all righ
and a quick note on hillary clinton, a new abc news "washington post" poll shows if she decides to run for president in 2016, she's already got a leg up. 57% of people say they would support her. not a bad start. we're back after the break. stay with us. exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are...
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who was really doing badly during the clinton years? all right. >> the problem is that kind of tax structure makes it so that -- again, part of it is taking capital gains -- the dividend income back up to a normal income. that's the biggest leap for them. that's the one they're freaked out about. when you do that, it makes you less -- likely to take your money out of the investment system and just spend it or put it someplace else and it keeps it in the system. keeps american businesses flowing. keeps you invested. that investment in and of itself is good for the economy. it is the extraction over the last decade that's actually really harmful where people are skimming the short-term -- like shorting airlines or something. [ ♪ "world news tonight" ♪ ] >> stephanie: i'm confused. i thought yesterday we had a -- california was banning gay repairtive therapy which is dangerous. two federal judges have arrived at opposite conclusions on whether the state's first of its kind law prohibiting therapist from changing them violates the const
who was really doing badly during the clinton years? all right. >> the problem is that kind of tax structure makes it so that -- again, part of it is taking capital gains -- the dividend income back up to a normal income. that's the biggest leap for them. that's the one they're freaked out about. when you do that, it makes you less -- likely to take your money out of the investment system and just spend it or put it someplace else and it keeps it in the system. keeps american businesses...
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i love what the former president bill clinton, the analogy, just a kabuki dance, he said, they're like two dogs that meet over a piece of meat, they sniff each other out. they're all move torgdz a deal. that's what is going on before we head over the cliff. >> no one puts it in layman's terms, no one does it as well as bill clinton. putting it in terms everyone understand. this is our visual. this is the cliff. end of the year. this is high tech. >> yeah. >> oh! what, ha ha. but see. that's right. negotiations never go in a straight line. yeah. >> little crooked there. got somer use today. hanging left. >> i hate that. >>> bizarre turn this morning for soft wereware tycoon john mcafee. he was arrested in guatemala last night for entering the country illegally and now there is word that immigration authorities are about to send him back to belize. before his arrest, mcafee spoke exclusively to abc's matt guttmann in guatemala city. >> reporter: after weeks on the lam, software security pioneer, john mcafee has resurfaced in guatemala. where we caught up with him. awe how have you been?
i love what the former president bill clinton, the analogy, just a kabuki dance, he said, they're like two dogs that meet over a piece of meat, they sniff each other out. they're all move torgdz a deal. that's what is going on before we head over the cliff. >> no one puts it in layman's terms, no one does it as well as bill clinton. putting it in terms everyone understand. this is our visual. this is the cliff. end of the year. this is high tech. >> yeah. >> oh! what, ha ha....
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it is similar to what the former clinton chief of staff -- separate from that commission, he testified before the super committee last year and put forward his own proposal to try to break the impasse at that time. republicans say their current offer is not in that proposal, so it is not the simpsons-bowles plan that has gotten a lot of talk over the last few years, but it is modeled on a proposal from a leading democrat during these discussions, so they are hoping it will give some credibility going forward. the $800 billion they are offering is not the same as what john boehner offered in 2007. -- is the same as what john boehner offered in 2007. they will not accept any deal that keeps tax rates the same as well. >> thank you. >> thank you. >> you can read his proposal online by going to c-span.org and clicking to the lake. oklahoma congressman tom cole discusses the fiscal cliff negotiations and agrees with suggestions they should join president obama to extend the tax rates for the highest income earners the law professor john buckley looks at the history of the tax, plus your e-m
it is similar to what the former clinton chief of staff -- separate from that commission, he testified before the super committee last year and put forward his own proposal to try to break the impasse at that time. republicans say their current offer is not in that proposal, so it is not the simpsons-bowles plan that has gotten a lot of talk over the last few years, but it is modeled on a proposal from a leading democrat during these discussions, so they are hoping it will give some credibility...
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breaking news, secretary of state hillary clinton in high-level talks right now about the crisis in syria as nbc news learns the syrian military is awaiting final orders to use chemical weapons on its own people. what can the u.s. government do to avoid a catastrophe? >>> dire warning. 26 days left until the deadline and a top official says the president is willing to go off the fiscal cliff if necessary. and some republicans signal they may be ready to give in on a key sticking point. >>> and heading home, a smiling duchess of cambridge and prince william leave the hospital this morning, four days after she checked in with extreme morning sickness. we're live in london today, thursday, december 6th, 2012. >> announcer: from nbc news, this is "today" with matt lauer and savannah gurthrie live from studio 1a in rockefeller plaza. >>> and good morning, welcome to "today" on a thursday morning, i'm savannah gurthrie. >> and i'm matt lauer. nice images to see out of london over the past couple of days. we've been watching duchess of cambridge. she seemed a little shaky as she held the railing
breaking news, secretary of state hillary clinton in high-level talks right now about the crisis in syria as nbc news learns the syrian military is awaiting final orders to use chemical weapons on its own people. what can the u.s. government do to avoid a catastrophe? >>> dire warning. 26 days left until the deadline and a top official says the president is willing to go off the fiscal cliff if necessary. and some republicans signal they may be ready to give in on a key sticking point....